40 Ferguson Ave, Wood River, IL 62095-1904
This exceptional commercial property, located at 40 E Ferguson Avenue in Wood River, Illinois, presents a unique investment opportunity. The building, formerly home to Meyer Jewelry Studio and Kristen's Hair Studio, boasts a total of 2,572 square feet of usable space. A significant advantage is the inclusion of a 25 x 18 foot attached garage located at the rear of the building, providing additional storage or workspace. A full basement offers further potential for expansion or storage. The property's prime location is enhanced by its proximity to a city-owned access path, providing convenient access to a public parking lot. Recent upgrades include a new HVAC system and water heater (installed in 2017/2018) and a new roof (2020). The lot size is 3,049 square feet. The property is being sold "As-Is." This versatile space is perfect for a variety of commercial uses and represents a compelling opportunity for savvy investors seeking a well-maintained building in a desirable downtown location. The property is zoned for commercial use and is situated in Madison County, Illinois, zip code 62095.
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Wood River Museum and Visitor Centerville Local History Museum
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Kristen Hair Studio Hair Salon Nail Salon
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Kristen's Hair Studio 17 Hair Salon Nail Salon
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.